To avoid any misunderstanding.
The Alternate Directors, have never said that Richard Cottee, should or would be retained as a director.
This is contrary to the position of OptionCo who wish to retain Mr Cottee, and naively attempt to create a dialogue with Mac Bank.
In the Alternate Directors opinion, it would be impossible to have Mr Cottee on any future board of directors.
Particularly so after the strident presentation of Mr Cottee on Friday 19th May who supported with great gusto the Mac Bank offer.
No doubt the video of the presentation will be released shortly, so that all will be able to see for themselves.
The question shareholders need to ask themselves when watching is simple,
"is this person acting in my best interests?"
The answer will be axiomatic.
All four directors must go, so as to allow the shareholders of CTP to capitalise on the current and significant national gas shortage and the excellent position that we are in.
The correspondence of 8th May 2017 only mentions that the correspondence should not bee seen as a portent of terminating any persons employment.
NO ONES employment contract would be terminated, and the correspondence of 8th May should not be seen in such light.
Mr Richard Cottee is on an employment contract, in the same way as John Heugh was.
Mr Cottee's employment contract still has a period of time to run before it automatically ends.
Any person on an employment contract would be expected to attend for work.
Such comment should not be seen as endorsing the retention of Mr Cottee at Director level, it does not!
The Alternate Board would never engage in conduct that had the same consequences as the unlawful termination of John Heugh in 2012 and which cost CTP in excess of $1.6 mil plus legal costs.
The Alternate Board will always act in the best interests of shareholders and in accordance with law.
As shareholders we have no responsibility to the National Good, and take the risible offer.Our responsibility is to our families and our investment.
All of the shareholder are aware that CTP is probably worth several multiples of the current Mac Bank offer.
Stand up and save your investment.
[email protected]
CB
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